The Gilbert, AZ real estate market is alive and well as evidenced by one of our new bank-owned listings. This home is not in good shape and the bank did not want to fill and repair the pool so we listed it slightly below the market value to compensate.
After one day on the market, we received seven full price or higher offers and the highest bidder won after the bank countered for "highest and best". This proves that there are plenty of active buyers in the market who are willing and able to perform when there is VALUE and when they know the seller can make a timely decision plus is in a position to close escrow in a 30-45 day time-frame.
If we could get the short sale lenders to make faster decisions, the market value of the short sales would increase and we could expect a more stable Gilbert, AZ real estate market!